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Crude Oil Ends Near Flat as Traders Eye Mideast Risks

By

Sarah Jacob

Updated June 17, 2013 4:20 p.m. ET

NEW YORK—U.S. crude-oil futures settled slightly lower Monday, holding close to four-month highs, as traders gauge whether the involvement of world powers in the Syrian conflict will disrupt oil supplies.

Light, sweet crude for July delivery settled 8 cents, or 0.1%, lower at $97.77 a barrel on the New York Mercantile Exchange, after pushing to a nine-month intraday high earlier in the session.